Low- and middle-income countries in which most people have a lower standard of living with access to fewer goods and services than do most people in high-income countries. There are currently about 125 developing countries with populations over 1 million; in 1997, their total population was more than 4.89 billion.
A country whose per capita income is low by world standards. Same as LDC. As usually used, it does not necessarily connote that the country's income is rising.
a country with a relatively low per capita income, where most people have a lower standard of living with access to fewer goods and services than most people in developed countries. Also known as a third-world country.